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BMO Investments Inc. Announces Changes to its Mutual Fund Line-Up

TORONTO, March 23 /CNW/ - BMO Investments Inc. today announced proposed
changes to BMO Global Balanced Class and BMO Short-Term Income Class which
will be effective on or about April 30, 2007.
BMO Global Balanced Class
Subject to shareholder approval, the investment objectives for BMO Global
Balanced Class will be revised to allow this fund to invest primarily in
dividend-yielding common and preferred shares of companies from around the
world.
If approved by shareholders, this fund's new investment objectives will
be "to achieve a high level of total return from the value of your investment,
including dividend income and capital gains, by investing primarily in
dividend-yielding common and preferred shares of companies from around the
world. As part of its investment objectives, the fund invests primarily in
equities of companies that trade on recognized stock exchanges in countries
around the world." As part of the resolution to change the investment
objectives of this fund, shareholders will also be asked to approve a change
in this fund's name to "BMO Global Dividend Class" to reflect the new
investment objectives.
This fund's current objectives are to achieve a high level of total
return, including capital gains, interest and dividend income by investing
primarily in equity and fixed income securities of issuers that may be located
anywhere in the world.
A meeting of shareholders of this fund will be held on or about April 26,
2007. If the change to this fund's investment objectives and name is approved,
the investment strategies for this fund will also be revised, and KBC Asset
Management International Limited ("KBC") will become the portfolio manager for
this fund, to be effective on or about April 30, 2007.
KBC is a wholly-owned subsidiary of KBC Asset Management Ltd, Dublin,
which has been managing assets for more than 25 years and is ultimately owned
by the KBC Group, a financial services provider headquartered in Brussels and
publicly listed on the Euronext Stock Exchange in Brussels with operations in
more than 30 countries. KBC and related companies had more than $26 billion in
assets under management as of December 31, 2006.
BMO Short-Term Income Class
Subject to shareholder and regulatory approval, the investment objectives
for BMO Short-Term Income Class will be revised to allow the fund to provide a
return similar to that of a fixed income fund. By investing primarily in
Canadian equity securities and entering into forward contracts or other
permitted derivatives, this fund seeks to provide a return determined with
reference to the performance of a fixed income fund managed by BMO Investments
Inc.
This fund expects that the earnings derived from these transactions will
be treated as capital gains, and if distributed to shareholders, will be
capital gains dividends for tax purposes.
This fund's current objectives are to provide the opportunity to invest
in a fixed-income fund for the short term, as an alternative or in addition to
the equity funds included in the BMO Global Tax Advantage Funds and to provide
current income while preserving capital and maintaining liquidity. As part of
its current investment objectives, this fund invests primarily in high quality
securities like Canadian treasury bills, other Canadian short-term
fixed-income securities and highly related commercial paper with terms to
maturity of less than three years.
As part of the resolution to change the investment objectives of this
fund, shareholders will also be asked to approve a change in this fund's name
to "BMO Capital Yield Class" to reflect the new investment objectives. If the
change to this fund's investment objectives and name is approved, the
investment strategies for this fund will be revised to reflect the new
objectives. A meeting of shareholders of this fund will be held on or about
April 26, 2007. If approved, such changes will be effective on or about
April 30, 2007.
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of the
organization's Private Client Group. The Private Client Group provides
integrated wealth management services in Canada and the United States and had
total assets under management and administration and term investments of
$296.5 billion as at January 31, 2007.